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World Market as of 10-Feb-2024:-

NSE:CNXCOMMODITIES   Nifty Commodities Index

US Market:-

1.Dow Jones :-
Monthly:- RSI above 60 + All time high
Weekly:- RSI above 60
Daily:- RSI Above 60 but has multiple bearish diversion
Overall:- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.

2.S&P 500 :-
Monthly:- RSI above 60 + All time high
Weekly:- RSI above 60
Daily:- RSI above 60
Overall:- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.

3.NASDAQ 100 :-
Monthly:- All time high + RSI above 60
Weekly:- RSI above 60
Daily:- RSI above 60 but daily has multiple bearish diversion
Overall:- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.

4.Nikkei (Japan) :-
Monthly:- RSI above 60 + All time high
Weekly:- RSI above 60
Daily:- RSI above 60 but has multiple bearish diversion
Overall:- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.

5.Kospi ( South korea):-
Monthly:- Sideways RSI between 40 and 60 and Monthly at major resistance
Weekly:- Sideways RSI between 40 and 60
Daily:- Above 60 + 60 support + bollinger band squeeze breakout
Overall:- Sideways once its crosse major resistance then we have positive view

6.Hang Seng ( Hong Kong):-  
Monthly:- RSI below 60 but one point taking support ( make form W pattern)
Weekly:- RSI below 60 making LH and LL
Daily:- Sideways making LH and LL
Overall:- This market is not Good monthly and weekly RSI below 40 and daily between 40 and 60 but has 20 MA support

7.SSE( China):- .
Monthly:- RSI below 40 but at major support
Weekly:- just crossing above 40 but still making LH and LL
Daily:- sideways but cross 20MA but still making LH and Ll
Overall:- This market is not Good monthly below 40 and weekly daily RSI between 40 and 60

8.DAX ( Germany):-  
Monthly:- RSI above 60 but not able to cross high from last 3 months
Weekly:- RSI above 60 but need to wait till its cross high
Daily:- Bearish diversion + Range shift
Overall:- Monthly , Weekly RSI above 60 but daily has concern

9.FTSE 100 ( London):-
Monthly:- sideways between 40 and 60
Weekly:- sideways between 40 and 60
Daily:- sideways between 40 and 60
Overall:-Side market as RSI moving between 40 and 60 .

10.CAC 40 ( FRANCE) :-  .
Monthly:- RSI above 60 but still not cross last month high
Weekly:- RSI above 60+ 60 support but has bearish diversion
Daily:- RSI above 60 but made major bearish island pattern
Overall:- All RSI above 60 but has some concern point once its clear then good

11.ASX 100 index(Australia):-  
Monthly:- RSI in between 40 and 60 ,So sideways
Weekly:- RSI above 60 but has bearish diversion + major resistance
Daily:- RSI above 60 but has multiple bearish diversion
Overall:- looks side ways until its cross major resistance

Note: -

1. Uptrends: - Dow Jones , S&P 500 , NASDAQ 100 , Nikkei (Japan) , DAX ( Germany) , CAC 40 ( FRANCE) but has some major concern on daily chart
2. Sideways: - Kospi ( South korea) ,FTSE 100 ( London),ASX 100 index(Australia)
3. Downtrend: - Hang Seng ( Hong Kong), SSE( China)

Conclusion:- Major world market still bullish but on daily has some concern like at resistance or multiple bearish diversion etc.

Currency Market: -

US Dollar index :-  
Monthly:- sideways + at major resistance
Weekly:- sideways + at 20MA resistance
Daily:- RSI above 60 + 60 support but looks like bull trap
Overall:- Monthly and Weekly RSI in between 40 and 60 but daily above 60

2.USD INR:-
Monthly:- RSI above 60 but not crossing high from many month
Weekly:- Sideways
Daily:- Sideways
Overall:- Side ways as RSI in between 40 and 60 on Weekly and daily on monthly RSI above 60 but not crossing the 84 price from many months.

Conclusion: - US dollar price  and USDINR are side ways as dollar price not increasing which are good for Indian market

Commodity market:-

1.Gold:-  
Monthly:- RSI above 60 but has bearish diversion + from last 3 months not crossing high
Weekly:- sideways + Bearish diversion + rangeshift
Daily:- sideways + rangeshift + Bearish diversion once 20 MA break then good for sell
Overall:- Median and Short term side ways but on daily has PRS which are concern point.

2.Silver:-
Monthly:- Sideways
Weekly:- Sideways
Daily:- Sideways + LH and LL
Overall:- All 3 time frame side ways

3.Copper:-
Monthly:- Sideways
Weekly:- Sideways
Daily:- Below 40
Overall:-long ,medium time frame Sideways and daily downside

4.Crude Oil:-
Monthly:- Sideways
Weekly:- Sideways
Daily:- Sideways
Overall:-long , medium and short time frame Sideways.

5.COMMODITIES:-

Monthly:- RSI above 60
Weekly:- RSI above 60
Daily:- RSI above 60 but has multiple bearish diversion which are concern point
Overall:-long , medium and short time frame above 60 but daily has has multiple bearish diversion which are concern point.
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